751 Norchester StSouth LyonMI48178
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in South Lyon at 751 Norchester St, South Lyon, MI, 48178 priced at $324,900 pairs $2,550/mo rent with $408/mo cash flow after a $1,590/mo payment. Total monthly income equals $2,550/mo, and annual cash flow comes to $4,892/yr on $107,704 invested. Return on cash invested is 24.45% in year one, and rental yield stands at 9.42% on a $324,900 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,764 by year five. Five-year ROI measures 127.73% and total cumulative return in cash reaches $137,573. For financing, Ziffy Mortgage’s DSCR program evaluates $2,550/mo property income against a $1,590/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48178, South Lyon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,935 (100%) |
| Owner Occupied HU | 12,984 (86.9%) |
| Renter Occupied HU | 1,470 ( 9.8%) |
| Vacant Housing Units | 481 ( 3.2%) |
| Median Home Value | $415,202 |
| Average Home Value | $441,574 |
Housing Distribution
Address Breakdown
Residential
15,206
Single Family
14,806
Multi-Family
400
Businesses
662
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Listed by: Jennifer Petersen • KW Realty Livingston
Mls Name: Realcomp II
Mls ID: #20251058013